Lansdowne Oil & Gas (GB:LOGP) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Lansdowne Oil & Gas plc has secured a GBP 95,000 convertible loan to fund working capital and support ongoing negotiations for its Energy Charter Treaty claim against Ireland, as well as preparations for a potential reverse takeover. The loan, provided by company directors and existing shareholders, will convert into new shares upon completion of the reverse takeover, with terms including no interest and a conversion price at a discount. Trading in the company’s shares will remain suspended until the reverse takeover process is complete or the company is readmitted to trading as an investing company.
For further insights into GB:LOGP stock, check out TipRanks’ Stock Analysis page.
